What does Equitable mean in a divorce?
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What does Equitable mean in a divorce?
Equitable distribution is a legal theory whereby marital property is distributed equitably in a divorce proceeding. Property assets are classified as either separate property or marital property. Most US states follow the equitable distribution theory.
What is the difference between equal and equitable?
Equal/equally means exactly the same whereas equitable/equitably means fairly. For example, if you have two groups and both receive 50% of a resource that can be considered to be equal division of the resource, but may not be equitable. Say one group has 70 people and the other has 30 people.
What is the difference between equitable distribution and community property?
The main difference between community property and equitable distribution is that in community property states, there is an absolute 50-50 split of all property acquired during the marriage. In equitable distribution states, more assets may be considered marital property, but the split is not necessarily 50-50.
